MMRDA to Fund Infrastructure Projects with Rs. 500 Billion
The Mumbai Metropolitan Region growth Authority (MMRDA) has approved the issuance of bonds worth Rs 500 billion to fund many infrastructure projects that would improve the region’s urban growth and connectivity. With this decision, MMRDA has committed a substantial amount of funds to accelerating the execution of important infrastructure projects, including as road networks, metro […]
Transfer of 2,000 square meter Dharavi site approved by MMRDA
A 2,000 square meter (half an acre) property in Sector 5 of Dharavi has been cleared for transfer to the Dharavi Redevelopment Project (DRP) by the Mumbai Metropolitan Region Development Authority (MMRDA). MMRDA owns the site in Dharavi Sector 5, which is next to the BEST bus depot. The property transfer, which DRP sought in […]
MMRDA is approved to issue bonds to fund $50,000,000,000 for infrastructure projects
It has been approved for the Mumbai Metropolitan Region Development Authority (MMRDA) to issue bonds worth Rs 50,000 crore to finance a number of infrastructure projects in the city and its surrounding areas. The idea was presented before the MMRDA meeting on Friday, which was presided over by Chief Minister Eknath Shinde. “As security for […]
Alignment modification at the Sewri-Worli Connector reduces rehabilitation costs from Rs 5,200 crore to Rs 110 crore
With the approval of a new alignment for the Sewri-Worli Connector project on Friday, the Mumbai Metropolitan Region Development Authority (MMRDA) significantly cut the rehabilitation and resettlement expenses from Rs 5,200 crore to just Rs 110 crore. Under the project’s initial plan, 19 structures would be affected, and 392 people—286 residents and 106 non-residents—would be […]
Maharashtra government will pay off Rs 1,700 crore in metro debt owed by Reliance Infrastructure arm
It’s possible that the government of Eknath Shinde halted plans to purchase Metro 1. Nonetheless, the state cabinet has directed the MMRDA executive committee to consider a one-time payment for the Rs 1,700 crore debt Mumbai Metro One Pvt Ltd (MMOPL) owes its creditors. Currently serving 4.6 lakh people daily, Metro 1 is the oldest […]
Mumbai Metro Line 3 would not be completed until December 2024
The Mumbai Metro Line 3 (Aqua Line) is now scheduled to be completed in December 2024 instead of earlier. This new deadline comes after a cabinet meeting that Chief Minister Eknath Shinde led earlier this week. The project’s original completion date of September 2024 has been pushed back. The initial section of Line 3, which […]
Maharashtra will pay off its Rs 1.7k crore debt instead of purchasing Mumbai Metro 1
The state cabinet has instructed MMRDA’s executive committee to investigate paying out Mumbai Metro One Pvt Ltd (MMOPL)’s lenders in full, even though the Shinde government has postponed its ambitions to purchase Metro 1. Metro 1, the city’s oldest route, is the only one run by a public-private partnership. It presently serves 4.6 lakh people […]
Unfinished SRA projects may be finished by Mhada, MMRDA, and CIDCO: Devendra Fadnavis
On Thursday, the state government declared that the Maharashtra Housing and Area Development Authority (MHADA), the Mumbai Metropolitan Region Development Authority (MMRDA), and the City Industrial Development Corporation (CIDCO) could take up the unfinished Slum Rehabilitation Authority (SRA) projects. Deputy Chief Minister Devendra Fadnavis made this statement in response to a query about SRA projects […]
MMRDA to Raise Rs 8.5 Billion for Urban Infrastructure Development
The Mumbai Metropolitan Region Development Authority (MMRDA) and German development bank KfW have agreed to fund over Rs 8.5 billion for urban infrastructure. MMRDA will also contribute Rs 3.65 billion from its resources, making the total project cost around Rs 12.15 billion. The funds will support sustainable development initiatives like green corridors, waste management systems, […]
Three Companies Submit Plans to Build Dongri Depot on Red Line in Mumbai Metro
Mumbai (Metro Rail News): Package CA-207’s technical bids were opened on June 25, 2024 by the Mumbai Metropolitan Region Development Authority (MMRDA). The Dongri Depot will be built as part of this package on the Mumbai Metro’s Red Line. Three companies have offered to complete this package’s work. Package CA-207 calls for the construction of […]